RENN Fund (NYSEAMERICAN:RCG) Shares Down 1.8% – What’s Next?

RENN Fund, Inc. (NYSEAMERICAN:RCG) was down 1.8% on Monday. The company traded as low as $2.65 and last traded at $2.69. 5,209 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 8,162 shares. The stock had previously closed at $2.74.

RENN Fund Price Performance

The company’s 50-day moving average is $2.92 and its 200-day moving average is $2.89.

Institutional Investors Weigh In On RENN Fund

An institutional investor recently bought a new stake in RENN Fund stock. Susquehanna International Group LLP bought a new position in RENN Fund, Inc. (NYSEAMERICAN:RCG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,633 shares of the company’s stock, valued at approximately $47,000.

About RENN Fund

RENN Fund, Inc is an investment company focused on identifying and holding interests in private and public businesses, with an emphasis on emerging and growth-oriented companies. Rather than operating a conventional consumer or industrial business, the company manages an investment portfolio designed to provide exposure to entrepreneurial ventures and developing industries.

The fund’s investment activities have historically centered on technology, internet, media, communications, financial services and other sectors associated with innovation and long-term growth.